Intercontinental Exchange and OKX Establish Joint Venture to Bridge Traditional and Digital Asset Markets

Intercontinental Exchange , one of the world’s leading providers of financial market technology and data powering global capital markets, and OKX, one of the world’s largest global blockchain technology company serving more than 120 million customers worldwide, announced the formation of their joint venture focused on building next-generation infrastructure for tokenized and digitally native financial products.

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Subject to certain regulatory approvals, it is expected that the joint venture will operate as a U.S. registered broker dealer and FCM for the purpose of enabling OKX’s customers in the U.S. and overseas to access ICE futures and NYSE tokenized equities markets. The 50-50 venture will also explore adjacent opportunities for regulatory-compliant blockchain-enabled markets.

The joint venture will be co-chaired by ICE and Governor Andrew M. Cuomo. Cuomo, who served as New York’s 56th governor, New York State Attorney General, and Secretary of Housing and Urban Development, began working with OKX in 2023.

“The next chapter of financial markets will be defined by how well innovation and government regulation can move forward together,” said Governor Cuomo. “This partnership brings together OKX’s world-class blockchain technology and ICE’s trusted market infrastructure to help build a more modern, transparent, and resilient financial system for the future. I am personally excited by the prospect of the societal impact that blockchain technology can lead to: the democratization of finance, bringing basic financial services to underserved populations.”

“The ICE-OKX joint venture is a step towards building the infrastructure that will define how global markets operate in the decades ahead,” said Trabue Bland, Senior Vice President, Futures Exchanges at ICE. “ICE’s global benchmarks and regulated market technology have earned the trust of institutions and traders everywhere and now, through our partnership with OKX, we are working towards extending that reach to OKX’s 120 million retail traders.”

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